FLAGLER COLLEGE INC: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- FLAGLER COLLEGE INC (EIN 59-1157081)
- Tax period
- 2009-07-01 to 2010-06-30
- Filed
- 2011-04-06
- IRS object ID
- 201130969349300218
- Schema version
- 2009v1.4
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule E
- Schedule G
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-04-06T14:07:43-05:00 | Timestamp |
| Tax Period End Date | 2010-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TAYLOR WAINIO & NEVILLE PA | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 320 HIGH TIDE DR SUITE 201 | AddressLine1 |
| City | ST AUGUSTINE | City |
| State | FL | State |
| ZIP Code | 320802309 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2009-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 591157081 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Flagler College Inc | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | FLAG | NameControl |
| Phone | 9048296481 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 1027 | AddressLine1 |
| City | St Augustine | City |
| State | FL | State |
| ZIP Code | 320851027 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Kenneth S Russom | Name |
| Title | Vice president, Business Services | Title |
| Phone | 9048296481 | Phone |
| Date Signed | 2011-03-08 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Dail A Taylor | Name |
| Phone | 9044845008 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2009 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Kenneth S Russom | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Po Box 1027 | AddressLine1 |
| City | St Augustine | City |
| State | FL | State |
| ZIP Code | 320851027 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 77806857 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | www.flagler.edu | WebSite |
| Type Of Organization Other | X | TypeOfOrganizationOther |
| Type Of Org Other Description | College | TypeOfOrgOtherDescription |
| Year Formation | 1968 | YearFormation |
| State Legal Domicile | FL | StateLegalDomicile |
| Activity Or Mission Description | Education | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 23 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 22 | NbrIndependentVotingMembers |
| Total Nbr Employees | 976 | TotalNbrEmployees |
| Total Nbr Volunteers | 59 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 4835 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 5007948 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 6900695 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 41144176 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 44221680 | ProgramServiceRevenueCY |
| Investment Income Prior Year | -1245238 | InvestmentIncomePriorYear |
| Investment Income Current Year | 833668 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 869953 | OtherRevenuePriorYear |
| Other Revenue Current Year | 434817 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 45776839 | TotalRevenuePriorYear |
| Total Revenue Current Year | 52390860 | TotalRevenueCurrentYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 18748178 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 20142532 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 1278307 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 25241629 | OtherExpensePriorYear |
| Other Expenses Current Year | 27649563 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 43989807 | TotalExpensesPriorYear |
| Total Expenses Current Year | 47792095 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 1787032 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 4598765 | RevenuesLessExpensesCY |
| Total Assets BOY | 141476461 | TotalAssetsBOY |
| Total Assets EOY | 147061593 | TotalAssetsEOY |
| Total Liabilities BOY | 39310408 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 38309646 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 102166053 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 108751947 | NetAssetsOrFundBalancesEOY |
| Mission Description | To provide educational services in a supportive and challenging environment in which students acquire knowledge, exercise good citizenship, and adhere to high ethical standards. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 37573286 | Expense |
| Grants | 6936621 | Grants |
| Revenue | 44276301 | Revenue |
| Description | 4-YEAR PRIVATE LIBERAL ARTS COLLEGE. PROVIDED EDUCATIONAL SERVICES TO APPROX 2600 STUDENTS PROVIDED HOUSING TO APROX 940 STUDENTS. | Description |
| Total Program Service Expense | 37573286 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 1 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 1 | ConservationEasements |
| Collections Of Art | 1 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Balance Sheet Amounts Reported | 1 | BalanceSheetAmountsReported |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 1 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 1 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 1 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 1 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 1 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 1 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 55 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 976 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Form8899 Filed | 0 | Form8899Filed |
| Form1098 C Filed | 0 | Form1098CFiled |
| Nbr Voting Governing Body Members | 23 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 22 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 1 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 1 | LocalChapters |
| Policies Reference Chapters | 1 | PoliciesReferenceChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PAMELA LEYDON | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 9048296481 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 74 KING STREET | AddressLine1 |
| City | ST AUGUSTINE | City |
| State | FL | State |
| ZIP Code | 32084 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (31 entries)
| TitleTitle | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Average Hours Per WeekAverageHoursPerWeek | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| Mr John D Bailey Sr | |||||||
| Trustee | X | 0 | 0 | 0 | |||
| Mr Mark F Bailey | |||||||
| TRUSTEE | X | 0 | 0 | 0 | |||
| Mr Eddie Creamer | |||||||
| Trustee | X | 0 | 0 | 0 | |||
| Mr David Drysdale | |||||||
| Vice Chairman | X | 0 | 0 | 0 | |||
| Mr William W Gay | |||||||
| TRUSTEE | X | 0 | 0 | 0 | |||
| Mr Horace A Gray IV | |||||||
| Trustee | X | 0 | 0 | 0 | |||
| Mr Richard W Groux Jr | |||||||
| TRUSTEE | X | 0 | 0 | 0 | |||
| Mr GF Robert Hanke | |||||||
| TRUSTEE | X | 0 | 0 | 0 | |||
| Mr Walter G Jewett Jr | |||||||
| TRUSTEE | X | 0 | 0 | 0 | |||
| Mrs Delores T Lastinge | |||||||
| TRUSTEE | X | 0 | 0 | 0 | |||
| Mr Robert E Martin | |||||||
| TRUSTEE | X | 0 | 0 | 0 | |||
| The Hon Howell Melton | |||||||
| TRUSTEE | X | 0 | 0 | 0 | |||
| Mr Duane L Ottenstroer | |||||||
| Trustee | X | 0 | 0 | 0 | |||
| Mr Lewis PollARD | |||||||
| Trustee | X | 0 | 0 | 0 | |||
| Mr Chris L Regas | |||||||
| TRUSTEE | X | 0 | 0 | 0 | |||
| Mr Randal L Ringhaver | |||||||
| Chairman | X | 0 | 0 | 0 | |||
| Mrs Nancy E Rutland | |||||||
| Trustee | X | 0 | 0 | 0 | |||
| Mr Bradford B Sauer | |||||||
| Trustee | X | 0 | 0 | 0 | |||
| Mr Frank C Steinemann | |||||||
| trustee | X | 0 | 0 | 0 | |||
| Mr Frank D Upchurch II | |||||||
| Trustee | X | 0 | 0 | 0 | |||
| Mr Brian L Wilson | |||||||
| Trustee | X | 0 | 0 | 0 | |||
| Mr Jack Wilson | |||||||
| Trustee | X | 0 | 0 | 0 | |||
| Dr William T Abare Jr | |||||||
| President | 307728 | 0 | 74139 | 50.00 | X | X | |
| Mrs Mary Jane Dillon | |||||||
| Secretary | 80419 | 0 | 10891 | 50.00 | X | ||
| Mr Kenneth S Russom | |||||||
| Treasurer | 127613 | 0 | 12209 | 50.00 | X | X | |
| dr William L Proctor | |||||||
| Chancellor | 165109 | 0 | 0 | 50.00 | X | X | |
| Mr John Stewart | |||||||
| Vice President of Develo | 169981 | 0 | 21614 | 40.00 | X | ||
| Mr Alan Woolfolk | |||||||
| Dean of Academic Affairs | 135699 | 0 | 12214 | 40.00 | X | ||
| Mr Joe Provenza | |||||||
| Dir. of Tech Services | 106799 | 0 | 14828 | 40.00 | X | ||
| Ms Pamela Leydon | |||||||
| Dir. of Finances | 100410 | 0 | 5463 | 40.00 | X | ||
| Ms Donna Delorenzo | |||||||
| Dir. of College Relation | 100851 | 0 | 16581 | 40.00 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1294609 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 167939 | TotalOtherCompensation |
| Number Individuals GT100 K | 8 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| blue cross blue shield | |||||
| PO Box 2458 | Jacksonville | FL | 32231 | Professional | 2225525 |
| Aramark | |||||
| 1101 Market St | philadelphia | PA | 19107 | Other Professional | 1914625 |
| ThompsonBaker agency | |||||
| 61 cordvoa st | St Augustine | FL | 32084 | Other Professional | 1225472 |
| Florida Power & Light | |||||
| PO Box 025576 | Miami | FL | 33102 | Other Professional | 1112731 |
| Bank of America Visa | |||||
| PO Box 15019 | Wilmington | DE | 19850 | Other Professional | 851837 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 23 | NumberOfContractorsGT100K |
| Government Grants | 4241272 | GovernmentGrants |
| All Other Contributions | 2659423 | AllOtherContributions |
| Noncash Contributions | 72291 | NoncashContributions |
| Total Contributions | 6900695 | TotalContributions |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | TUITION & FEES, DORMIT | Description |
| Business Code | 611600 | BusinessCode |
| Total Revenue Column | 44203680 | TotalRevenueColumn |
| Related Or Exempt Function Income | 44122895 | RelatedOrExemptFunctionIncome |
| Exclusion | $80,785 | ExclusionAmount |
Total Oth Program Service Revenue TotalOthProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 18000 | TotalRevenueColumn |
| Related Or Exempt Function Income | 18000 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 44221680 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 820777 | TotalRevenueColumn |
| Exclusion | $820,777 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 34806 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 34806 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 34806 | TotalRevenueColumn |
| Related Or Exempt Function Income | 34806 | RelatedOrExemptFunctionIncome |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 25208677 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 25195786 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 12891 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 12891 | TotalRevenueColumn |
| Related Or Exempt Function Income | 12891 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 41067 | GrossIncomeFundraisingEvents |
| Fundraising Direct Expenses | 46896 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -5829 | TotalRevenueColumn |
| Exclusion | -$5,829 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 491446 | GrossSalesOfInventory |
| Cost Of Goods Sold | 173315 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 318131 | TotalRevenueColumn |
| Exclusion | $318,131 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | OTHER REVENUE - RELATE | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 87709 | TotalRevenueColumn |
| Related Or Exempt Function Income | 87709 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 87709 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 52390860 | TotalRevenueColumn |
| Related Or Exempt Function Income | 44276301 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $1,213,864 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 429088 | Total |
| Management And General | 429088 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15857292 | Total |
| Program Services | 11132416 | ProgramServices |
| Management And General | 3857758 | ManagementAndGeneral |
| Fundraising | 867118 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 640136 | Total |
| Program Services | 640136 | ProgramServices |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2035354 | Total |
| Program Services | 2027792 | ProgramServices |
| Management And General | 7562 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1180662 | Total |
| Program Services | 798558 | ProgramServices |
| Management And General | 325038 | ManagementAndGeneral |
| Fundraising | 57066 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 41180 | Total |
| Management And General | 41180 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 120734 | Total |
| Management And General | 120734 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2485454 | Total |
| Program Services | 2485454 | ProgramServices |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 652344 | Total |
| Program Services | 366365 | ProgramServices |
| Management And General | 228924 | ManagementAndGeneral |
| Fundraising | 57055 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 65859 | Total |
| Fundraising | 65859 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1138602 | Total |
| Program Services | 1138602 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5472275 | Total |
| Program Services | 5472275 | ProgramServices |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 33447 | Total |
| Management And General | 33447 | ManagementAndGeneral |
Other Expenses OtherExpenses (3 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| Other Expenses - Progra | 13511688 | 13511688 | ||
| Other Expenses - Manage | 3896771 | 3896771 | ||
| Other Expenses - Fundra | 231209 | 231209 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 47792095 | Total |
| Program Services | 37573286 | ProgramServices |
| Management And General | 8940502 | ManagementAndGeneral |
| Fundraising | 1278307 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 666336 | BOY |
| EOY | 2927627 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14652521 | BOY |
| EOY | 14992378 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1181938 | BOY |
| EOY | 1223858 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 152807 | BOY |
| EOY | 208629 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 271153 | BOY |
| EOY | 247208 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 555185 | BOY |
| EOY | 551525 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 148886 | BOY |
| EOY | 159812 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1216586 | BOY |
| EOY | 1260070 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 133553973 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 35932248 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 99598397 | BOY |
| EOY | 97621725 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 23015666 | BOY |
| EOY | 27844038 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16986 | BOY |
| EOY | 24723 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 141476461 | BOY |
| EOY | 147061593 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3184856 | BOY |
| EOY | 3327082 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 153965 | BOY |
| EOY | 177046 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 33390000 | BOY |
| EOY | 32256816 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2581587 | BOY |
| EOY | 2548702 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 39310408 | BOY |
| EOY | 38309646 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 90378208 | BOY |
| EOY | 96219378 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1588384 | BOY |
| EOY | 1688734 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10199461 | BOY |
| EOY | 10843835 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 102166053 | BOY |
| EOY | 108751947 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 141476461 | BOY |
| EOY | 147061593 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Both | X | FinancialStatementBoth |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | Volunteers |
| Paid Staff Or Management | 0 | PaidStaffOrManagement |
| Media Advertisements | 0 | MediaAdvertisements |
| Mailings Members | 0 | MailingsMembers |
| Publications Or Broadcast | 0 | PublicationsOrBroadcast |
| Grants Other Organizations | 0 | GrantsOtherOrganizations |
| Direct Contact Legislators | 0 | DirectContactLegislators |
| Rallies Demonstrations | 0 | RalliesDemonstrations |
| Other Activities | 0 | OtherActivities |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Historic Structure | X | HistoricStructure |
| Nmbr States In Which Easements Held | 1 | NmbrStatesInWhichEasementsHeld |
| Written Policy Monitoring | 1 | WrittenPolicyMonitoring |
| Sect170h Requirements Satisfied | 0 | Sect170hRequirementsSatisfied |
Art Public Exhibition Amts ArtPublicExhibitionAmts
| Field | Value | IRS element (for citing) |
|---|---|---|
| Revenues Included | 138750 | RevenuesIncluded |
| Assets In Part X | 382809 | AssetsInPartX |
Held Works Of Art Amts HeldWorksOfArtAmts
| Field | Value | IRS element (for citing) |
|---|---|---|
| Revenues Included | 0 | RevenuesIncluded |
| Assets In Part X | 0 | AssetsInPartX |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collect Used For Public Exhibition | X | CollectUsedForPublicExhibition |
| Collect Used For Scholar Research | X | CollectUsedForScholarResearch |
| Collect Used For Preservation | X | CollectUsedForPreservation |
| Collect Used For Loan Or Exch Prgrms | X | CollectUsedForLoanOrExchPrgrms |
| Solicited Assets For Sale | 0 | SolicitedAssetsForSale |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 36972102 | BeginningOfYearBalance |
| Contributions | 817815 | Contributions |
| Investment Earnings Or Losses | 2991947 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 377599 | GrantsOrScholarships |
| End Of Year Balance | 40404265 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 42095813 | BeginningOfYearBalance |
| Contributions | 516704 | Contributions |
| Investment Earnings Or Losses | -5173498 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 466917 | GrantsOrScholarships |
| End Of Year Balance | 36972102 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.63550 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.34490 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.01960 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 1 | EndowmentsHeldByRelatedOrgs |
| Are Related Orgs Listed Schedule R | 1 | AreRelatedOrgsListedScheduleR |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 9699465 | OtherCostOrOtherBasis |
| Book Value | 9699465 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 51394275 | OtherCostOrOtherBasis |
| Depreciation | 8797974 | Depreciation |
| Book Value | 42596301 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 53945296 | OtherCostOrOtherBasis |
| Depreciation | 15826699 | Depreciation |
| Book Value | 38118597 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 9491958 | OtherCostOrOtherBasis |
| Depreciation | 5720039 | Depreciation |
| Book Value | 3771919 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 9022979 | OtherCostOrOtherBasis |
| Depreciation | 5587536 | Depreciation |
| Book Value | 3435443 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 97621725 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| Other liabilities | $1,418,355 |
| Premium on bonds payable | $1,130,347 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 2548702 | TotalOfAmounts |
| Total Revenue | 52390860 | TotalRevenue |
| Total Expenses | 47792095 | TotalExpenses |
| Excess Or Deficit For Year | 4598765 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 2161958 | NetUnrealizedGLOnInvestments |
| Investment Expenses | 252984 | InvestmentExpenses |
| Other | -$427,813 | OtherAmount |
| Total Adjustments | 1987129 | TotalAdjustments |
| Excess Or Deficit Per FS | 6585894 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 62000796 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 2161958 | NetUnrealizedGainsInvestments |
| Other Revenues | 10929189 | OtherRevenues |
| Revenue Not Rptd F990 | 13091147 | RevenueNotRptdF990 |
| Revenue Subtotal | 48909649 | RevenueSubtotal |
| Other Revenues Not Included | 3481211 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 3481211 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 52390860 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 53443144 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 8877342 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 8877342 | ExpensesNotRptdF990 |
| Expenses Subtotal | 44565802 | ExpensesSubtotal |
| Other Expenses Not Included | 3226293 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 3226293 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 47792095 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (2 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Part III, Line 4: | The College's collection includes various works of art from the Ponce de Leon Hotel and donations which furthers the Colege's exempt purpose by providing educational value to the College. |
| The adjustments include the removal of the endowment funds and state funding. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Pub Via Broadcast Media Expln | THE COLLEGE ISSUES ITS CATALOG AND VIEWBOOKS FOR PUBLIC INSPECTION. BOTH DISCLOSE THE NONDISCRIMINATORY POLICY. SCHOOL DRAWS A SUBSTANTIAL % OF STUDENTS NATIONWIDE & FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY AS TO STUDENTS. | PubViaBroadcastMediaExpln |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 1 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Govt Financial Aid Explanation | THE COLLEGE RECEIVES FEDERAL TITLE IV FUNDS AND STATE GRANTS FUNDING HISTORIC BUILDING RENOVATIONS AND THE CHILD REACH OUT PROGRAM. | GovtFinancialAidExplanation |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | New Year's Eve Ball | NameOfEvent1 |
| Gross Receipts Event1 | 12619 | GrossReceiptsEvent1 |
| Gross Revenue Event1 | 12619 | GrossRevenueEvent1 |
| Other Direct Expenses Event1 | 28702 | OtherDirectExpensesEvent1 |
| Name Of Event2 | President's Golf Tournament Gift | NameOfEvent2 |
| Gross Receipts Event2 | 28448 | GrossReceiptsEvent2 |
| Gross Revenue Event2 | 28448 | GrossRevenueEvent2 |
| Other Direct Expenses Event2 | 18190 | OtherDirectExpensesEvent2 |
| Gross Receipts Total | 41067 | GrossReceiptsTotal |
| Gross Revenue Total Events | 41067 | GrossRevenueTotalEvents |
| Other Direct Expenses Total Events | 46892 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 46892 | DirectExpenseSummaryEvents |
| Net Income Summary | -5825 | NetIncomeSummary |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Idemnification Gross Up Payments | X | IdemnificationGrossUpPayments |
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (3 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dr William T Abare Jr | |||||||||||||
| 162805 | 0 | 20000 | 0 | 124923 | 0 | 68871 | 0 | 5268 | 0 | 381867 | 0 | 398917 | 0 |
| dr William L Proctor | |||||||||||||
| 159362 | 0 | 0 | 0 | 5747 | 0 | 0 | 0 | 0 | 0 | 165109 | 0 | 152204 | 0 |
| Mr John Stewart | |||||||||||||
| 166925 | 0 | 0 | 0 | 3056 | 0 | 7751 | 0 | 13863 | 0 | 191595 | 0 | 154870 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | Part I, Line 1a | ReturnReference |
| Explanation | The College provides the President, Bill Abare, a housing allowance with a tax gross-up provision and pays for annual dues to the Marsh Creek Country Club which the President may use. The amount of $74,014 for a housing allowance was included as taxable compensation. The tax gross-up amount was $31,421, and was also included as taxable compensation. The dues paid to Marsh Creek Country Club were $4704 and not included as taxable compensation. | Explanation |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (2 entries)
| Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer |
|---|---|---|---|---|---|---|
| Higher Educational Facilities Financing Authority | ||||||
| 900058227 | 34073TAD9 | 2003-11-16 | 22000000 | construction and renovation projects | 0 | 0 |
| Higher Educational Facilities Financing Authority | ||||||
| 900058227 | 34073TAW7 | 2006-12-21 | 21212458 | acquisition, construction and equipping of educational facilities | 0 | 0 |
Form990 Schedule K Part II Form990ScheduleKPartII (2 entries)
| Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind |
|---|---|---|---|
| 0 | 0 | 0 | 0 |
| 0 | 0 | 0 | 0 |
Form990 Schedule K Part III Form990ScheduleKPartIII (2 entries)
| Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Any Research AgreementsAnyResearchAgreements | Bond Counsel Routinely EngagedBondCounselRoutinelyEngaged | Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs |
|---|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 0 | 0 |
| 0 | 0 | 0 | 0 | 0 | 0 |
Form990 Schedule K Part IV Form990ScheduleKPartIV (2 entries)
| Form8038 T FiledForm8038TFiled | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Gross Proceeds InvestedGrossProceedsInvested | Exception To RebateExceptionToRebate |
|---|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 0 | 0 |
| 0 | 0 | 0 | 0 | 0 | 0 |
Schedule L IRS990ScheduleL
Loan Table LoanTable (2 entries)
| Purpose Of LoanPurposeOfLoan | Loan From OrganizationLoanFromOrganization | Original PrincipalOriginalPrincipalAmount | Balance DueBalanceDue | DefaultDefault | Approved By BoardApprovedByBoard | Written AgreementWrittenAgreement |
|---|---|---|---|---|---|---|
| Dr William Abare | ||||||
| Home Mortgage | X | $381,650 | 247208 | 0 | 1 | 1 |
| Alan Woolfolk | ||||||
| Moving Expenses | X | $40,000 | 40000 | 0 | 0 | 1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | 287208 | TotalBalanceDue |
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | William W Gay | NamePerson |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | Trustee | Relationship |
| Amount Of Transaction | 687128 | AmountOfTransaction |
| Description Of Transaction | Contractor for College | DescriptionOfTransaction |
| Sharing Of Revenues | 0 | SharingOfRevenues |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Method Of Determining Revenues | Independent appraisal | MethodOfDeterminingRevenues |
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 3 | NumberOfContributions |
| Method Of Determining Revenues | FMV at date of contribut | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of8283 Received | 1 | NumberOf8283Received |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Form 990, Part VI, Section A, line 2 | Trustees John D. Bailey, Sr. and John D. Bailey, Jr. have a family relationship. Trustees Jack Wilson and Brian Wilson have a family relationship. Trustees Frank D. Upchurch, Jr. and Frank D. Upchurch III have a family relationship. |
| Form 990, Part VI, Section B, line 11 | A copy of Form 990 is provided to the College's Board of Trustees prior to submission. As a matter of procedure, the executive committee of the Board of Trustees reviews the Form 990. The executive committee then provides a report of its review to the full board. |
| Form 990, Part VI, Section B, line 12c | The Organization's Board of Trustees discusses the policy annually. |
| Form 990, Part VI, Section B, line 15 | The Board of Trustees reviews and approves the President's compensation. The President reviews and approves other officers and key employees' compensation. |
| Form 990, Part VI, Section C, line 19 | The Organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. |
| The Audit Committee is responsibile for oversight of the audit and selection of an independent accountant. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Public Charity StatusPublicCharityStatus | Business Name Line1DirectControllingEntityName/BusinessNameLine1 |
|---|---|---|---|---|---|---|---|---|---|
| Flagler College Endowment Fund | |||||||||
| PO Box 1027 | St Augustine | FL | 32085 | 510224117 | Provide support to the College | VA | 501(c)(3) | 170(b)(1)(A) | Flagler College Inc |
| Jessie Kenan Wise Foundation | |||||||||
| PO Box 1027 | St Augustine | FL | 32085 | 566040717 | Provide support to the College | NC | 501(c)(3) | 170(b)(1)(A) | Flagler College Inc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |